A political breakthrough in Libya could potentially contribute to the return of some of the country’s disrupted oil production. Libya has been torn apart by civil war, political gridlock, and the arrival of ISIS. Two rival governments have been at odds for several years, battling for control of the country and its oil production. But the standoff has resulted in a stalemate, and the North African OPEC member’s oil production has remained at a small fraction of its pre-war production levels. But Libyan officials said over the weekend that two rival oil companies have decided to merge in what could be a major political breakthrough. The National Oil Company is based in Tripoli, under the control of the western government. The rival eastern government based in Tobruk tried to set up its own oil company and export oil on its own a few months ago. However, the international community […]